Misek predicted the Apple television would ship at a $1,250 price point. Unsurprisingly, the analyst also expects Cupertino to sell an additional iPad or iPhone per every television set based on Apple's famous "halo effect."

So what is Misek basing his projections on? Well, the analyst believes an anticipated $800 million agreement between Foxconn and Sharp will play a "key role" in manufacturing the rumored iPanel.

Misek also claims recent checks in China have indicated that specialty components for an Apple television - such as polarized films, filters, and IGZO display parts - have begun to ship to various suppliers.

Finally, Misek said his analysis of building permits and satellite images suggests Apple is doubling the size of its massive North Carolina data center - which could be used to stream iPanel content.

Commercial production of Apple's iPanel, says Misek, could kick off by May or June of 2012, with an estimate 2-5 million television sets being built in time for a November or December launch.